It’s happened already in Europe. The producers have either fled or died out and thanks to a thoroughly socialist government, the takers have overrun the joint.
Keep an eye on California. When it dies of its own weight, we’ll all not be too far behind.
How does one explain how California is broke, tens of billions of dollars in aggregate debt, despite having among the highest sales and income taxes in the nation?
[California is] naturally rich beyond belief—timber, oil, agriculture, a long sea-coast, wonderful weather, mountains, sea, and valleys—and inherited lucrative industries in tourism, computers and software, defense and great universities. Our grandparents left us a once wonderful freeway network, a tripartite higher education system, ports, airports, dams and canals.
So what went wrong, and why are tens of thousands of Californians leaving the state with bachelor degrees and above, while tens of thousands enter without high-school diplomas?
When the fruits of your labor get sucked into the vortex to support boatloads of people who produce nothing and take everything….you’ll eventually leave…and wish the government good luck in getting along without you.